Eleven Subordinate Classes From Five Ford Credit Floorplan Master Owner Trust A Series Assigned Ratings

Ford Credit Floorplan Master Owner Trust A's 2017-3, 2018-2, 2018-4, 2019-3, and 2019-4 series are ABS securitizations that were issued between 2017 and 2019 and that we rated when the transactions closed. Today, we assigned our ratings to 11 subordinate classes of notes previously issued from these series. We did not rate these classes when the transactions closed. The ratings reflect our view of the classes' hard credit support, the principal payment rate trigger, and Ford Credit's servicing experience, among other factors. NEW YORK (S&P Global Ratings) Jan. 10, 2022--S&P Global Ratings today assigned its ratings to 11 classes of subordinate notes from five series (2017-3, 2018-2, 2018-4, 2019-3, and 2019-4) previously issued by Ford Credit Floorplan Master Owner Trust

...- Ford Credit Floorplan Master Owner Trust A's 2017-3, 2018-2, 2018-4, 2019-3, and 2019-4 series are ABS securitizations that were issued between 2017 and 2019 and that we rated when the transactions closed. - Today, we assigned our ratings to 11 subordinate classes of notes previously issued from these series. We did not rate these classes when the transactions closed. - The ratings reflect our view of the classes' hard credit support, the principal payment rate trigger, and Ford Credit's servicing experience, among other factors. NEW YORK (S&P Global Ratings) Jan. 10, 2022--S&P Global Ratings today assigned its ratings to 11 classes of subordinate notes from five series (2017-3, 2018-2, 2018-4, 2019-3, and 2019-4) previously issued by Ford Credit Floorplan Master Owner Trust A (FCFMOTA) and initially retained by the depositors of the ABS trust, Ford Credit Floorplan Corp. and Ford Credit Floorplan LLC, wholly owned entities of Ford Motor Credit Co. LLC (Ford Credit; see list). The transactions'...

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